KPMG pulled a report on agentic AI after UBS, the NHS, and others said its claims about their AI usage were untrue. GPTZero identified the errors as AI hallucinations, indicating the firm used AI to w…
KPMG withdrew a report on AI usage after multiple organizations, including UBS and the UK's National Health Service, disputed its claims. Research group GPTZero attributed the inaccuracies to AI hallu…
Taiwan Semiconductor Manufacturing Company (TSMC) reported May 2026 revenue of NT$416.98 billion, up 30.1% year-over-year, and first-quarter profit of $18.2 billion, up 58%. CEO C.C. Wei raised the fu…
Taiwan Semiconductor (TSM) reported strong May sales, and UBS named the stock a top pick based on the outlook for agentic AI.…
KPMG, one of the Big Four accounting firms, published a report on AI benefits that was found to contain numerous AI hallucinations, including fake citations and inaccurate claims about companies' AI c…
UBS raised its S&P 500 year-end target to 7,900 from 7,500, citing surging AI demand and resilient consumer spending as key drivers. The Swiss bank described global trade as "surprisingly stable" desp…
A KPMG report on AI adoption has been discredited after an investigation found that only 5 of its 45 citations were accurate, with the rest fabricated, misattributed, or unverifiable. The October 2025…
KPMG published a report containing fabricated claims about UBS's use of AI agents in investment advisory, risk management, and compliance functions. UBS identified the inaccuracies and demanded correc…
UBS has backed Cerebras (CBRS) in the AI inference race, signaling growing investor confidence in the chipmaker's technology. The investment positions Cerebras as a key competitor in the AI infrastruc…
Micron Technology crossed the $1 trillion market capitalization threshold on May 26, with its stock surging nearly 19% in a single session after a UBS analyst tripled its price target to $1,625. The c…
Micron and Sandisk shares surged to new all-time highs Monday after Susquehanna analyst Mehdi Hosseini issued Street-high price targets of $1,750 and $3,250, respectively, citing tight supply through …
Morgan Stanley has doubled its forecast for AI-driven job losses in European banking, now projecting that up to 20% of the sector's workforce — roughly 400,000 roles — could be eliminated by 2030 as l…
The UBS Global Family Office Report 2026 found that 60 percent of 307 surveyed family offices plan to adjust their strategic asset allocation over the next 12 months, the highest level in the study's …
Micron Technology reached a $1 trillion market capitalization on May 26, just 48 days after hitting $500 billion, making it the fastest semiconductor company to double its valuation. The memory chipma…
Micron Technology surpassed $1 trillion in market capitalization on May 26, closing at approximately $895.88 per share after a roughly 19% single-day surge — the company's best performance since 2011.…
Samsung Electronics, Micron Technology, and SK Hynix each surpassed $1 trillion in market capitalization in May 2026, driven by surging demand for high-bandwidth memory chips used in artificial intell…
Micron Technology briefly surpassed $1 trillion in market capitalization on May 26 after an 18% surge driven by a UBS upgrade, making it the third memory chip maker to reach the milestone this month a…
Micron Technology shares surged up to 19% on May 26 after UBS analyst Timothy Arcuri tripled his price target from $535 to $1,625, the highest among analysts covering the stock, pushing the memory chi…
Micron Technology surpassed a $1 trillion market capitalization on May 26 after a 19% single-day surge, driven by a UBS upgrade that nearly tripled its price target to $1,625. The chipmaker's high-ban…
The S&P 500, Nasdaq 100, and Russell 2000 all closed at record highs after President Donald Trump said negotiations with Iran are “proceeding nicely” and reports emerged that the US Navy has restarted…